Forex Hedge and Rebate Robot review:
This is a hedging Expert Advisor, designed for running on EURUSD, USDCHF.
The EA’s goal is to profit from commission, to be more precise from the Rebate System (1.5 points of spread)
The EA cannot be tested in the Strategy Tester, so monitoring of the account ot is running on is available.
Depending on the disparity of fluctuations of the above pairs, the EA makes a decision to open an additional series of trades.
When the trades enter the positive area, the EA starts to close them.
Details are displayed in the right corner:
- open lots – the number of open trades;
- ofice rebate – profit based on the Rebate system;
- Balance – profit of the current trades excluding Rebate system based commission.
- Hall – difference in results for these pairs;
- grow_lots – lot increase progression if necessary (arithmetic or geometric)
- grow_type – progression type
- grow_index- lot increase ratio if necessary.
Copy and paste the file into the MQL4 Experts folder of the Metatrader 4 trading platform.
You can access this folder from the top menu as follows:
File > Open Data Folder > MQL4 > Experts (paste here)